Romanian authorities currently analysing recent spikes on the wholesale electricity spot market should be transparent with their upcoming findings and consult on potential regulatory changes, the Romanian Wind Energy Association (RWEA) said in a statement on Tuesday. Romania’s day-ahead market is coupled with the Hungarian, Slovak and Czech markets.
Heat waves in the Balkans and some supply tightness pushed the Hungarian and some southeast European electricity spot prices to winter levels on Monday. The bullishness is expected to dissipate later in the week as temperatures cool down. The Hungarian Day-ahead Baseload for delivery Tuesday opened the session at €61.50/MWh on the over-the-counter (OTC) screen and traded consistently upwards throughout the morning. The contract reached €68.00/MWh shortly before the exchange HUPX’s close.
The Hungarian and Romanian Day-ahead electricity products for delivery on Saturday on the local exchanges spiked on Friday, triggering a bullish rush on over-the-counter (OTC) prompt and front-month contracts. The Saturday price on Hungarian exchange HUPX was €49.37/MWh – some €9.37/MWh above the last reported price on the equivalent OTC product and €11.25/MWh above Friday’s exchange price. The Romanian Day-ahead on exchange OPCOM was flat to the HUPX price.
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Selecting a term
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Twitter handles (e.g. @username) — returns those who have mentioned or replied to
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